1/ Last week a large off-shore crypto exchange, FTX, went bankrupt.

We’ve received inquiries from Swan members wondering if the FTX fallout might affect us.

Your Bitcoin is safe. 2/ Neither Swan nor Prime Trust engages in any lending or borrowing services, nor rehypothecation of customer assets.

1/ TD₿: Six Reasons Why You Should Run Your Own Bitcoin Node by @parman_the.

TL;DR To be truly sovereign using Bitcoin, you need to run your own node.
cory.substack.com/p/td-six-reaso… 2/ Quote of the Day:

“Bitcoin enables individuals to reclaim and reassert their Natural Rights using a system that is inherently significantly harder to control.” - @MartyBent, Host of the Tales from the Crypt Podcast and Editor in Chief of Marty’s Bent

1/ TD₿: Bitcoin Maximalism by @PeterMcCormack with @pierre_rochard

TL;DR Based on our understanding of monetary economics, most of the value will accrue to one coin.

cory.substack.com/p/td-bitcoin-m… 2/ Quote of the Day:

“Individuals adopt #bitcoin because it possesses unique properties that make it superior as a form of money relative to all other currencies.” - @parkeralewis, Head of Business Development at Unchained Capital

"Whether Bitcoin continues to be successful or fails, there's no risk of the network using too much energy in the grand scheme of things."

Swan's Lead Economic Advisor, @LynAldenContact, debunks Bitcoin energy FUD in her latest report.

Preview thread 👇
swanbitcoin.com/bitcoins-energ… Before we dive into the thread, @stephanlivera and @CitizenBitcoin will be hosting Lyn on a Twitter Space later today at 3pm PT / 6pm ET to discuss the piece. @MartyBent and others will join as well.

Set a reminder and join us: twitter.com/i/spaces/1ynJO…

1/ The price of any asset is deter­mined by its supply and demand. Bitcoin’s programmed halving of supply has a dimin­ishing effect on its price.

A new piece on the Swan blog by @Geertjancap with @coryklippsten.

A summary thread 🧵👇

swanbitcoin.com/the-diminishin… 2/ Even though we can all see them coming, Bitcoin’s halvings create supply shocks. Here we see the reduction in full-year issuance over the prior full-year rise of each halving but diminished in scale by half.

1/ Bitcoin Citadels 🏰

They represent security, self sovereignty, and for some, a utopian future built on #Bitcoin.

Time for a thread👇 2/

Bitcoin's intransigent minority will force the adoption of Bitcoin onto a much larger US population.

A thread based on Cory Klippsten's "10 Million Bitcoiners":
swanbitcoin.com/ten-million-bi…

👇👇👇👇 Not many years from now, the number of Bitcoiners in the United States of America will cross ten million. When we hit that milestone, it’s game over: Bitcoin wins.

Attention HR and Recruiting Professionals!!

Having a hard time attracting and recruiting the best and brightest talent to your organization?

Looking for the most unique benefit any human resources department can offer?

1/ One that will also retain your A-Players: critical personnel with that low time preference which truly sets them apart from the rest?

How about all this for no more work on your part?

It's time you considered Swan Bitcoin!

2/

1/ Important quotes from Jay Powell's comments this morning:

“While the economic response has been both timely and appropriately large, it may not be the final chapter, given that the path ahead is both highly uncertain and subject to significant downside risks.” 2/ “Additional fiscal support could be costly, but worth it if it helps avoid long-term economic damage and leaves us with a stronger recovery. This tradeoff is one for our elected representatives, who wield powers of taxation and spending."